The sequential EPS decline from Q1 ($0.65 to $0.61) and rising expense base warrant monitoring for margin compression. The ATM equity issuance (384K shares for $8.6M) adds dilution overhang. Watch for Q3 expense trajectory and loan growth acceleration to justify the higher cost base.
Price Chart
Executive Summary
Union Bankshares reported Q2 2026 net income of $2.9M ($0.61/share), up from $2.4M ($0.53/share) in Q2 2025, driven by 11.2% net interest income growth and a one-time $380K branch sale gain. The board declared a $0.36/share quarterly dividend. The results are solid for a small community bank, but the sequential decline from Q1 2026 ($0.65/share) and rising noninterest expenses (+9.3%) temper the headline beat.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.61 vs $0.53 in Q2 2025 (+15.1% YoY)
- Net interest income rose 11.2% YoY to $11.6M
- Noninterest expenses increased 9.3% YoY to $11.5M, driven by $831K rise in salaries & wages
- One-time gain of $380K from branch property sale boosted noninterest income
- Quarterly dividend maintained at $0.36/share, payable Aug 6, 2026
- Book value per share rose 16.7% YoY to $18.28, aided by $8.6M in ATM equity sales (384,066 shares)
- Total deposits declined slightly to $1.09B from $1.10B YoY; brokered deposits reduced to $43.8M from $65.3M
- Borrowed funds increased to $337.1M from $270.7M YoY, including $21M in Federal Reserve borrowings
Financial Impact
Q2 2026 net income $2.9M, EPS $0.61; net interest income $11.6M; noninterest income $3.2M (incl. $380K one-time gain); noninterest expenses $11.5M
Risk Factors
- Rising noninterest expenses (+9.3% YoY) outpacing revenue growth
- Sequential EPS decline from Q1 2026 ($0.65) to Q2 2026 ($0.61)
- Deposit base shrinking slightly YoY; increased reliance on borrowed funds ($337M vs $271M)
- Dilution from 384K shares sold via ATM equity distribution agreement
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000706863-26-000067 |
| Document: unb-20260715.htm | 0000706863-26-000067 |
| Document: 0000706863-26-000067-index-headers.html | 0000706863-26-000067 |
| Document: 0000706863-26-000067-index.html | 0000706863-26-000067 |
| Document: 0000706863-26-000067.txt | 0000706863-26-000067 |
| 8-K Data (Synthetic) | 0000706863-26-000067 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $22.82 $23.04 | ▲ +0.94% | ▲ +1.47% | $23.45 (+2.76%) |
Oct 21, 2026 6d ago | Press Release | $22.82 $23.04 | ▲ +0.94% | ▲ +1.47% | $23.45 (+2.76%) |
Jul 15, 2026 14w ago | Press Release | $25.30 $25.70 | ▲ +1.58% | ▲ +2.12% | $23.45 (−7.31%) |
Jul 15, 2026 14w ago | 8-K | $25.30 $25.70 | ▲ +1.58% | ▲ +2.12% | $23.45 (−7.31%) |
May 21, 2026 22w ago | 8-K | $23.12 $23.79 | ▲ +2.90% | ▲ +2.45% | $23.45 (+1.43%) |
May 7, 2026 24w ago | 8-K | $24.18 $23.85 | ▼ −1.36% | ▼ −1.60% | $23.45 (−3.02%) |
Apr 15, 2026 27w ago | 8-K | $23.69 $24.32 | ▲ +2.66% | ▲ +1.45% | $23.45 (−1.02%) |
Apr 15, 2026 27w ago | Press Release | $23.57 $23.69 | ▲ +0.50% | ▲ +0.25% | $23.45 (−0.52%) |
Apr 8, 2026 28w ago | DEFA14A | $24.10 $24.04 | ▼ −0.29% | ▼ −0.86% | $23.45 (−2.72%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers